---
title: "Cellugy ApS – CVR 39463725, financials and ownership"
description: "Cellugy ApS (CVR 39463725): Cellugy develops biofabricated cellulose materials and the EcoFLEXY platform technology as alternatives to petrochemical plastics, initially for cosmetics and personal care."
canonical_url: "https://datapublica.dk/en/companies/39463725-cellugy-aps"
locale: "en"
route_type: "company_overview"
robots: "index,follow"
---

# Cellugy ApS

Cellugy ApS \(CVR 39463725\): Cellugy develops biofabricated cellulose materials and the EcoFLEXY platform technology as alternatives to petrochemical plastics, initially for cosmetics and personal care.

CVR number: 39463725

## Company details

- **CVR number:** 39463725

- **Status:** Aktiv

- **Address:** Maskinvej 5, 2860, Søborg

- **Legal form:** Anpartsselskab \(ApS\)

- **Founded:** Apr 5, 2018

- **Employees / FTEs:** 18 / 18

- **Production units:** 1

- **Website:** https://www.cellugy.com/

- **LinkedIn:** cellugy

## Description

Cellugy develops biofabricated cellulose materials and the EcoFLEXY platform technology as alternatives to petrochemical plastics, initially for cosmetics and personal care.

Cellugy develops and scales production of EcoFLEXY, a biofabricated powder cellulose designed to replace petrochemicals and adapt to products in cosmetics and personal care.

### Company's own description on virk.dk

The company’s principal activities include the development, manufacturing, marketing, sale, and distribution of products based on exopolysaccharides, including bacterial cellulose, functionalized bacterial cellulose, formulated bacterial cellulose, and water-soluble polysaccharides, across diverse market applications.

### Products & services

EcoFLEXY • biofabricated powder cellulose • biofabricated cellulose materials • product samples for personal care and cosmetics

### Industries

manufacturing • agriculture\_food

### Customer types

cosmetics and personal care brands • leading market players in personal care and cosmetics

## Activities and industry

- Forskning og eksperimentel udvikling inden for naturvidenskab og teknik

- 721000 — Forskning og eksperimentel udvikling inden for naturvidenskab og teknik

## Latest financial period

- **Reporting period:** 2025

- **Currency:** DKK

- **Gross profit:** -11,056,736

- **Profit after tax:** -17,224,722

- **Assets:** 23,692,833

- **Equity:** 12,906,707

## Founders

| Founder | Registered as founder | Current roles | Ownership |
| --- | --- | --- | --- |
| [Deby Fapyane](https://datapublica.dk/en/people/pid_entity_4007588511-deby-fapyane) | Apr 5, 2018 | — | 11.1–25 % / Indirect via [dePais ApS](https://datapublica.dk/en/companies/40590684-depais-aps) |
| [Isabel Alvarez Martos](https://datapublica.dk/en/people/pid_entity_4007588509-isabel-alvarez-martos) | Apr 5, 2018 | Board, Management | 11.1–25 % / Indirect via [dePais ApS](https://datapublica.dk/en/companies/40590684-depais-aps) |
| [Paruntungan Sihombing](https://datapublica.dk/en/people/pid_entity_4007588510-paruntungan-sihombing) | Apr 5, 2018 | — | 11.1–25 % / Indirect via [dePais ApS](https://datapublica.dk/en/companies/40590684-depais-aps) |

## People

| Person | Roles | Titles |
| --- | --- | --- |
| [Isabel Alvarez Martos](https://datapublica.dk/en/people/pid_entity_4007588509-isabel-alvarez-martos) | Board • Management | BESTYRELSESMEDLEM • DIREKTØR |
| [Jakob Rybak-Andersen](https://datapublica.dk/en/people/pid_entity_4004095899-jakob-rybak-andersen) | Board | BESTYRELSESMEDLEM |
| [William Mark Nunn](https://datapublica.dk/en/people/pid_entity_4010979404-william-mark-nunn) | Board | BESTYRELSESMEDLEM |

## Auditor

| Audit firm | Auditor | Role | From |
| --- | --- | --- | --- |
| Beierholm | Lasse Glud Dybbøl | State Authorised Public Accountant | Apr 26, 2026 |

## Contact

### From [cvr.dk](https://datacvr.virk.dk/)

Advertising protected

Contact details from CVR must not be used for direct marketing when the entity is advertising protected. The protection does not cover details collected from the company’s own website. The general marketing rules still apply. [Read more at the Danish Business Authority](https://virksomhedsguiden.dk/content/ydelser/faa-reklamebeskyttet-din-virksomhed-i-cvr/3337006d-3b93-4bb0-bc08-82a0915c0332/)

| Contact | Phone | Email |
| --- | --- | --- |
| Company | — | in\*\*@cellugy.com [Show full](https://datapublica.dk/en/signup?redirectTo=%2Fen%2Fcompanies%2F39463725-cellugy-aps) |

### From [cellugy.com](https://www.cellugy.com/)

| Contact | Phone | Email |
| --- | --- | --- |
| Main | — | in\*\*@cellugy.com [Show full](https://datapublica.dk/en/signup?redirectTo=%2Fen%2Fcompanies%2F39463725-cellugy-aps) |

## Legal owners

### Current

| Owner | Ownership | Voting rights | From |
| --- | --- | --- | --- |
| OwnerdePais ApS | Ownership33.33–49.99 % | Voting rights33.33 % | FromMay 16, 2023 |
| OwnerDanmarks Eksport- og Investeringsfond | Ownership10–14.99 % | Voting rights10 % | FromMay 16, 2024 |
| OwnerICIG Ventures Holding GmbH | Ownership10–14.99 % | Voting rights10 % | FromMay 16, 2024 |
| OwnerPSV Hafnium Fund I K/S | Ownership10–14.99 % | Voting rights10 % | FromJul 12, 2024 |
| OwnerThe Footprint Fund I K/S | Ownership10–14.99 % | Voting rights10 % | FromMay 16, 2024 |
| OwnerPlanet Sub-Ocean Limited Partnership | Ownership5–9.99 % | Voting rights5 % | FromJan 20, 2023 |
| OwnerUV Fund I K/S | Ownership5–9.99 % | Voting rights5 % | FromMay 16, 2024 |

### Previous

| Owner | Ownership | Voting rights | From | To |
| --- | --- | --- | --- | --- |
| OwnerPreSeed Ventures A/S | Ownership10–14.99 % | Voting rights10 % | FromMay 16, 2024 | ToJul 12, 2024 |
| OwnerThe Footprint Fund I K/S | Ownership10–14.99 % | Voting rights10 % | FromJan 23, 2024 | ToMay 15, 2024 |
| OwnerPreSeed Ventures A/S | Ownership10–14.99 % | Voting rights10 % | FromJan 20, 2023 | ToMay 15, 2024 |
| OwnerFPF North-East HoldCo III ApS | Ownership10–14.99 % | Voting rights10 % | FromJan 20, 2023 | ToJan 23, 2024 |
| OwnerdePais ApS | Ownership50–66.66 % | Voting rights50 % | FromJan 20, 2023 | ToMay 15, 2023 |
| Owner25Grange Capital Holding ApS | Ownership5–9.99 % | Voting rights5 % | FromApr 21, 2020 | ToJan 20, 2023 |
| OwnerdePais ApS | Ownership90–99.99 % | Voting rights90 % | FromApr 21, 2020 | ToJan 19, 2023 |
| OwnerdePais ApS | Ownership100 % | Voting rights100 % | FromJun 17, 2019 | ToApr 20, 2020 |
| OwnerDeby Fapyane | Ownership33.33–49.99 % | Voting rights33.33 % | FromApr 6, 2018 | ToJun 17, 2019 |
| OwnerIsabel Alvarez Martos | Ownership33.33–49.99 % | Voting rights33.33 % | FromApr 6, 2018 | ToJun 17, 2019 |
| OwnerParuntungan Sihombing | Ownership33.33–49.99 % | Voting rights33.33 % | FromApr 6, 2018 | ToJun 17, 2019 |

## Ultimate owners
[View ownership diagram](https://datapublica.dk/en/companies/39463725-cellugy-aps/portfolio)
| Name | Ownership through | Calculated ownership |
| --- | --- | --- |
| Danmarks Eksport- og Investeringsfond | Direct / PSV Hafnium Fund I K/S / The Footprint Fund I K/S / UV Fund I K/S | 14.66–25.98 % |
| Deby Fapyane | dePais ApS | 11.1–25 % |
| Isabel Alvarez Martos | dePais ApS | 11.1–25 % |
| Paruntungan Sihombing | dePais ApS | 11.1–25 % |
| ICIG Ventures Holding GmbH | Direct | 10–14.99 % |
| Planet Sub-Ocean Limited Partnership | Direct | 5–9.99 % |
| European Investment Fund | PSV Hafnium Fund I K/S | 3.33–7.5 % |
| AUGUSTINUS FONDEN | CHR. AUGUSTINUS FABRIKKER AKTIESELSKAB → The Footprint Fund I K/S / CHR. AUGUSTINUS FABRIKKER AKTIESELSKAB → UV Fund I K/S | 1.25–3.5 % |
| NORDEA-FONDEN | PSV Hafnium Fund I K/S / The Footprint Fund I K/S | 1–3 % |
| North-East Global Investment TTF RAIF SCSp | The Footprint Fund I K/S | 1–2.25 % |
| TRYGHEDSGRUPPEN SMBA | UV Fund I K/S | 0.75–2 % |
| Danmarks Tekniske Universitet | PreSeed Ventures A/S → PSV Hafnium Fund I K/S | 0.5–1.5 % |
| LAURITZEN FONDEN | Lauritzen Fonden Holding ApS → The Footprint Fund I K/S | 0.5–1.5 % |
| NOVO NORDISK FONDEN | Novo Holdings A/S → The Footprint Fund I K/S | 0.5–1.5 % |
| REALDANIA | The Footprint Fund I K/S | 0.5–1.5 % |
| Christian Algot Enevoldsen | Liljeborg Gruppen ApS → Liljeborg 1 ApS → Liljeborg 2 ApS → Liljeborg Invest 2 ApS → The Footprint Fund I K/S | 0.45–1.5 % |
| Investinor Indirekte II AS | UV Fund I K/S | 0.25–1 % |
| Anne Færch Jørgensen | AMVI II ApS → FÆRCH OG DØTRE ApS → UV Fund I K/S / ANPARTSSELSKABET AF 25. JUNI 2010 NR. 11 → FÆRCH OG DØTRE ApS → UV Fund I K/S | 0.07–0.45 % |
| Jette Færch Jørgensen | AMVI II ApS → FÆRCH OG DØTRE ApS → UV Fund I K/S / ANPARTSSELSKABET AF 25. JUNI 2010 NR. 13 → FÆRCH OG DØTRE ApS → UV Fund I K/S | 0.07–0.45 % |
| Tine Færch Jørgensen | AMVI II ApS → FÆRCH OG DØTRE ApS → UV Fund I K/S / ANPARTSSELSKABET AF 25. JUNI 2010 NR. 12 → FÆRCH OG DØTRE ApS → UV Fund I K/S | 0.07–0.45 % |
| Annemette Færch | AMVI Holding ApS → AMVI II ApS → FÆRCH OG DØTRE ApS → UV Fund I K/S | 0.01–0.12 % |
| Winnie Liljeborg | Liljeborg Gruppen ApS → Liljeborg 1 ApS → Liljeborg 2 ApS → Liljeborg Invest 2 ApS → The Footprint Fund I K/S | 0 % |
| Anders Kjær | Kjær Investing ApS → PSV Hafnium GP I ApS → PSV Hafnium Fund I K/S | Unknown stake |
| Anna Søndergaard | ANNA SØNDERGAARD HOLDING ApS → The Footprint Firm Holding ApS → The Footprint Fund Manager A/S → The Footprint Fund I GP ApS → The Footprint Fund I K/S | Unknown stake |
| Christian Löken Sparrevohn | SPARREVOHN CONSULT ApS → The Footprint Firm Holding ApS → The Footprint Fund Manager A/S → The Footprint Fund I GP ApS → The Footprint Fund I K/S | Unknown stake |
| Jakob Mathias Wichmann | JAKOB MATHIAS WICHMANN HOLDING ApS → The Footprint Firm Holding ApS → The Footprint Fund Manager A/S → The Footprint Fund I GP ApS → The Footprint Fund I K/S | Unknown stake |
| Jakob Rybak-Andersen | Rybs2 ApS → PSV Hafnium GP I ApS → PSV Hafnium Fund I K/S | Unknown stake |
| Lexbridge Capital LLC | Unconventional Ventures ApS → UV General Partner I ApS → UV Fund I K/S | Unknown stake |
| Maria Emilie Kath Danø | Danø ApS → PSV Hafnium GP I ApS → PSV Hafnium Fund I K/S | Unknown stake |
| Marianne Vibeke Neergaard Hyltoft | Emerger ApS → PSV Hafnium GP I ApS → PSV Hafnium Fund I K/S | Unknown stake |
| Thea Messel | Messel Ventures ApS → Unconventional Ventures ApS → UV General Partner I ApS → UV Fund I K/S | Unknown stake |
| Unitionen Tech AB | Unconventional Ventures ApS → UV General Partner I ApS → UV Fund I K/S | Unknown stake |

## Company pages

- [Overview](https://datapublica.dk/en/companies/39463725-cellugy-aps)

- [Financial report](https://datapublica.dk/en/companies/39463725-cellugy-aps/financials)

- [Risk](https://datapublica.dk/en/companies/39463725-cellugy-aps/risk)

- [Timeline](https://datapublica.dk/en/companies/39463725-cellugy-aps/timeline)

- [Ownership and relations](https://datapublica.dk/en/companies/39463725-cellugy-aps/portfolio)

- [Production units](https://datapublica.dk/en/companies/39463725-cellugy-aps/production-units)

- [Gazelle](https://datapublica.dk/en/companies/39463725-cellugy-aps/gazelle)

- [Investments](https://datapublica.dk/en/companies/39463725-cellugy-aps/investments)

- [Company website](https://www.cellugy.com/)

## Official sources

- [Official CVR record on Virk](https://datacvr.virk.dk/enhed/virksomhed/39463725)